ThreatFabric Raises EUR 11.5M in Seed Funding
Summary
ThreatFabric, an Amsterdam, The Netherlands-based online fraud detection solution, raised EUR 11.5m in Seed funding. The round was co-led by ABN AMRO Ventures and Motive Ventures with participation from 10xFounders and 14Peaks capital. Led by Han Sahin, CEO, ThreatFabric provides a software platform that can positively contribute to this fraud epidemic by helping their clients – banks and financial institutions – protect their end-users from fraud and malware by using different protection layers, such as on-device malware detection and behavioural analytics. The company intends to use the funds to increase international expansion and extend its fraud detection layers with behavioural based detection. This consists of the fraudster’s presence with advanced AI models that include continuous threat modelling of attack paths inside online signup and payment journeys.
Funding
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